Due to a lack of state support, electric cars are having a hard time in Germany at the moment. Now Swedish Hedin Mobility Group gives up and withdraws as BYD importer.
Swedish Hedin Mobility Group will no longer sell BYD's cars in Germany. That task instead goes back to the Chinese themselves.
Specifically, the former importer announces that it has sold the new car business and stock of spare parts – and the trade with them – back to BYD's German subsidiary, BYD Automotive GmbH.
Officially, it is not because BYD is selling poorly in Germany that the Swedes are now throwing in the towel. Instead, Hedin director Anders Hedin believes that the foundation for BYD's business has now been laid.
– Over the past two years, we have worked together with BYD to develop the German market. The foundation is now laid to increase volume.
– The deal also includes a transfer of the operation of the two pioneer stores in Stuttgart and Frankfurt, which are run by Hedin Mobility Group's German retail division.
– And we look forward to continuing this journey in Germany together with BYD as a dealer, says Anders Hedin, managing director of and founder of Hedin Mobility Group.
If it ends up that BYD pulls out of Germany completely, they will not be the first Chinese to set foot in Europe. Some brands just break their necks here.
HiPhi, which was otherwise very promising and surprisingly won a rigorous range test, has recently announced that the parent company Human Horizons is in such serious financial trouble that the production of cars will not be restarted after a year of dormancy.
And in May it emerged that the Chinese Great Wall Motors is also closing its headquarters in Munich and disappearing from Europe. It costs 100 employees their jobs. Read more about it here .
BYD is left alone in a market which has now collapsed for the seventh consecutive month. The lack of state support causes Germans to choose electric cars to a greater extent.
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